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thanks for the input-- it is appreciated.. yes i hate to pay the government anymore than i have to. I am approaching my 58th birthday so I am roughly a year and a half away from the 59 1/2 threshold. so the penalties would only be around $9300. your right , still a sizable amount. that could...

yes using aftertax cash to live on is an option. I may do that but right now I am thinking of a potential real estate investment and may need some cash for that. thanks

i looked at the 72t closely but decided against it. It sets your income for 5 years and I wanted the flexibility to adjust my withdraw. I have less than 2 years until I'm 59 1/2. thought it ok to give the government the extra 10% until then. maybe it will help to pay down the deficit.

Hello everyone, been reading the forum for awhile , thought it was time to tell my story. It was 1 year today that I walked out of the office never to return after 25 years. Received a sizable severance, rolled over my 401k and lump sum pension payment into an IRA in March and May respectively...

thanks for your input. I finally got a real person at the Michigan UIA. The official answer is yes and no. I will not be able to draw the unemployment benefit in the week that I recieve the IRA distribution. The next week I can continue to recieve the benefit. This is because the IRA was...

How does an early distribution from an IRA affect unemployment benefits. I'm 57 and live in Michigan. I can not reach a real person to answer the question at the Michigan UIA. Searched the web on this and cannot find a definitive answer. Any clarity on this question would be appreciated.